Is Pay Per Head legal?
Pay per head is a service that bookies use in order to book action on sports. These services provide a fully inclusive website that is a turnkey solution where they post up to the second odds on thousands of sporting events each day. These services handle all the technical functions of bookmaking while you as the bookie just need to have players that want to bet with you thru the website.
The legality of pay per head will obviously depend on where you are located. So the first thing you will need to do is check with your local attorney to see if booking action and using a pay per head service is something that is legal in your specific area. Especially in the United States with a lot of recent laws changing in regards to the gambling business, it is important to find out the specific laws in your state to make sure you are doing everything by the book.
In addition, you should also speak directly to the pay per head provider like www.AcePerHead.com, to see where they are located and if they themselves have the proper licenses. This is an industry that usually gets a bad rap do to movies and legislature, which means it is important to check with your local attorney because laws are constantly changing.
If you are located in an area where it is legal to be a bookie and use a pay per head service then you can get set up in minutes. It is as simple as just going on the internet and searching for a pay per head sportsbook service.
Price Per Head
These services typically charge $10 per active player per week for the service, and you only get charged for an active player if the player actually has a graded wager for the week. So for example, if you have 50 players but only 32 players actually bet that week then you would only get charged $320 for those 32 active players that week. Whatever the players win or lose each week is handled directly between the bookie and the player, and the bookie keeps 100% of the losses.
The beauty of this pay per head set up is that you get to keep 100% of the losses for your players and only need to pay that minimal $10 per active player a week fee. Anyone that has gambled or been to a casino will know firsthand that it is very hard to be a consistent winner. This is why the phrase of the “house always wins” is such a true statement and why casinos practically give away free rooms and food just to get people to spend money in their casinos.
The gambling industry is a multibillion-dollar industry and no matter the economic situation people are always going to bet with the hopes of turning a little bit of money into a big score. The dream of winning is always going to be a part of the culture of betting, but the reality is that players are going to always lose over the long term. So if it is legal to use a pay per head service in your area then becoming a bookie could be a very profitable business venture for you.